Crypto Flow Technology Limited — AGM Information 2006

Mar 31, 2006

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8198)

Form of proxy for use by shareholders of Wafer Systems Limited (the “Company”) at the annual general meeting of the Company (the “Meeting”) to be held on Friday, 28 April 2006 at 3:30 p.m.

I/We [(Note 1) ]

of

being the registered holder(s) of [ (Note 2)] HEREBY APPOINT [(Note 3)]

shares of HK$0.01 each in the capital of the Company,

of

or failing him, the Chairman of the Meeting as my/our proxy to attend and act for me/us and on my/our behalf at the Meeting (or at any adjournment thereof) to be held at Units 901-7, 9th Floor, MLC Millennia Plaza, 663 King’s Road, North Point, Hong Kong on Friday, 28 April 2006 at 3:30 p.m. and at such meeting (or at any adjournment thereof) to vote for me/us and in my/our name(s) as hereunder indicated, and if no such indication is given, as my/our proxy thinks fit.

Please indicate with “ ” in the spaces provided how you wish your vote(s) to be cast.

							ST(Note 4)2006s inserted, this
						AGAIN
				FOR (Note	4)		ST(Note 4)
1.	To recand thDecem	eive and consider the audited consolidated financial statemee reports of the directors and auditors for the year endedber 2005.	nts31
2.	To re-and to	elect a director, Mr. Kwan Kit Tong, Kevin, retiring by rotatauthorise the board of directors to fix his remuneration(if a	ionny)
3.	To re-and to	elect a director, Mr. Tsoi Tai Wai, David, retiring by rotatauthorise the board of directors to fix his remuneration(if a	ion
			ny)
4.	To re-fix the	appoint the auditors and to authorise the board of directorsir remuneration.	to
		ORDINARY RESOLUTIONS
5.	(1)	To grant a general mandate to the directors to issue sharesthe Company(Ordinary Resolution no. (1) set out in item 5 of the noticethe Meeting).	inof
	(2)	To grant a general mandate to the directors to repurchase shin the Company(Ordinary Resolution no. (2) set out in item 5 of the noticethe Meeting).	areof
	(3)	To extend the general mandate to issue shares to cover sharepurchased by the Company(Ordinary Resolution no. (3) set out in item 5 of the noticethe Meeting).	resof
		SPECIAL RESOLUTION
5.	(4)	To approve amendments to the articles of association ofCompany(Special Resolution set out in item 5(4) of the notice ofMeeting).	thethe
		gnature:e(s) and address(es) to be inserted inBLOCK CAPITALS.sert the number of shares in the Company registered in your name(	Date:s) to which the proxy
					relates; if no number i

Shareholder’s Signature:

Date:

2006

NOTES :

1. Full name(s) and address(es) to be inserted in BLOCK CAPITALS .

2. Please insert the number of shares in the Company registered in your name(s) to which the proxy relates; if no number is inserted, this form of proxy will be deemed to relate to all the shares in the Company registered in your name(s).

3. A member may appoint a proxy of his/her choice who need not be a member of the Company, but such appointed proxy must attend the Meeting in person to represent you. Please insert the name and address of the appointed proxy in the space provided. If no name is inserted, the Chairman of the Meeting will act as your proxy.

4. IMPORTANT: If you wish to vote for a resolution, please place a “ ” in the relevant box marked in the column headed “For”. If you wish to vote against a resolution, please place a “ ” in the relevant box marked in the column headed “Against”. Failure to tick either box will entitle your proxy to cast your vote at his/her discretion in respect of that resolution.

5. In the case of joint holders, any one of the joint holders may vote at the Meeting, either in person or by proxy, as if he/she were solely entitled thereto. But if more than one joint holder is present, whether in person or by proxy, only the vote of the senior holder will be counted. For this purpose, seniority will be determined by the order in which the names stand in the register of members of the Company in respect of the joint holding.

6. This form of proxy must be signed by you or your attorney duly authorized in writing, or in the case of a corporation, either under its common seal or under the hand of an officer, attorney or other person duly authorized.

7. To be valid, this form of proxy together with any power of attorney or other authority (if any) under which it is signed or a certified copy of such power or authority must be deposited at Computershare Hong Kong Investor Services Limited at 46th Floor, Hopewell Centre, 183 Queen’s Road East, Hong Kong no later than 48 hours before the time appointed for the Meeting (or any adjournment thereof).

8. Any alterations made to this form of proxy must be initialed by the person who signs it.

9. Completion and delivery of this proxy form will not preclude you from attending and voting at the Meeting if you so wish.

* For identification purposes only